9,812 Shares in Arista Networks, Inc. $ANET Acquired by Reflection Asset Management

Reflection Asset Management acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,812 shares of the technology company’s stock, valued at approximately $1,286,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANET. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks during the 4th quarter worth about $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Arista Networks during the 4th quarter worth about $28,000. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the 3rd quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,603,747 shares of company stock valued at $423,901,619 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. TD Cowen reiterated a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $187.63.

Arista Networks Price Performance

NYSE:ANET opened at $169.84 on Friday. The firm’s fifty day moving average price is $158.10 and its 200 day moving average price is $141.44. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80. The firm has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.